Friendly Reminder: You’re Not Qualified

Why do you care if I lose oodles of money? I’ve been doing this shit for over a decade and have survived and thrived in all sorts of fucked up markets. This one is no different.

So, I am making a call. I choose, fully aware of the homos in Greece, to be long, despite the wall of worry. Leave it up to people like Dylan Ratigan and Rick Santelli and this market will be trading just north of 30. It is my belief, and always has been, they are both misfits, totally unable to discern a rabbits ass from a donkeys. See folks, some people are meant to fuck goats in Romania, others ride horses and raze villages for sport.

How much lower will the market go?

Geez, you fucking assholes make me sick, talking so much, so fast, about “sovereign debt” and the “grave ramifications” of said debt. Did you even hear what Cisco Systems, Inc. [[CSCO]] said? Are you aware that end user demand, ranging from commodities to denim at Guess?, Inc. [[GES]] is thriving again? You’re mixing up the honey with the urine, jackass. Huge declines hurt and in hindsight I should have sold more, just to be safe. However, here we are with a decision to make.

Is this sell off the 2008 variety, with all of its cancerous trimmings? Or, is this your standard, run of the mill, 10% market correction, that will soon be nothing more than a bad memory?

I can’t answer that question for you just yet. However, I will tell you, based upon the laws of The PPT algorithms, we are indeud OVERSOLD. Every single time The PPT dipped below 2.30, the market, almost to the day, surged higher, immediately thereafter. Well of course I know trends are made to be broken. I can hear what you are thinking and right now you are doubting Le market hand de Le Fly. Nevertheless, like George W. Bush, “I’m going it alone” and will “nu-ku-lar” your fucking faces, once this “mission” of mine is indeud “accomplished.”

[youtube:http://www.youtube.com/watch?v=mzxoLZXF9SI 616 500]

UPDATE: I bought 10,000 [[EWP]] under $40.40, based upon my balls to brains relationship.

coldplay wankers are so gwyneth…ratigan thinks he’s cagney and santelli thinks he’s rocky and the market thinks it’s on toyota brakesand none of it is real or important. the head of petrobras says we will be at peak oil in 2010 – that is important. Unempolyment in Spain is 18% .

I am short caballeros. And if that keeps up I will buy a loft in Barcelona, throw olive pits on tapas bar floors, and hang out in the Rastro with the beautiful.

If we rally tomorrow with awesome jobs numbers (and no i don care if the numbers are fudged) I shall by the PPT and recommend it to 38 friends. If we go down tomorrow… I just don’t know what I’ll do.
Good day FLY

Didn’t paint house but had a good ibc blogger advice/ppt scores and ppt user notes kind of day. All buying and all long positions– and plan to buy more tomorrow. You and your team have taught me to have my homework done ahead of market swings, my lists ready and all the tools to know when it’s time to buy– as well as your ongoing strong emphasis on risk management.
Turned in my keys to the fazmobile a long time ago, and have you to owe for that gift and improved health in general. The whole fear of the “next dive” is no longer part of my life. Wasn’t too keen on the whole bean and rice thing anyway.

Fly,
How did the PPT score in the fall of 2008 or the spring of 2009? I know it wasn’t officially up and running, but has it been backtested? Serious question. If you get a buy signal every time it dips below 2.30, and it has only dipped below that number in a bull market, then you could very well be sticking your dick in the woodchipper using this buy signal.

You’re da man but…What tune were the shorts singing while the market remained overbought for so LONG. My point being–the oversold indicators can stay ther for some time whilst you leave a fortune in the dust. Up and down she goes where she stops only DA FLY knows.

Hello Fly,
Honey here, writing from Romania. Let me dismount my goat. Ok, there. Yes, I did hear what Cisco said and then I looked closer and vallah! Ah ha! “THEY ARE WRITING THEIR OWN FINANCING AND HOLDING IT OFF OF THEIR BOOKS!” PEEK A BOO, CISCO! I SEE YOU!

So the Fly bought the Cisco’s slight of the hand? I would say yes. He did and Cisco didn’t even have to flavor it up for the Fly. I have learned a lot today. All one has to do trick the Fly is to tie up a balloon animal in the air with one hand and when the Fly’s mouth drops open in amazement, shove a Mr. T Fisting Toy in his pie hole with the other. Are you kidding me?

Nice. Two recommendations though. One time you should try cooking up some fatty bacon, reserving the liquid fat in the pan. Instead of coating the potatoes with olive oil use the bacon fat, some salt/pepper, and rosemary, then roast. Another side dish that is very good is potatoes doused with olive oil and salt/pepper, lightly seared cubed pancetta, and brussel sprouts (quartered) all placed on a baking sheet and roasted in the oven. Finish with some butter and lemon juice, and toss in a bowl. Very tasty, if you can handle the “work.”

Sounds like a fine dinner. I will send Steve, Jr. over about 7:00PM to get the leftovers. Okay?
Mrs. Steve is all excited especially about the wine. I told her no wine as she just finished the 12 step program at AA. She was addicted to Manischewitz Grape Concord. I blame Rabbi Moshe for getting her plastered every Friday Night.

Tomorrow will be a special event for me…I will be a member of the unemployment number for the first time in my life. Whats interesting is I’ve been out of work since Nov. when my bank got shut down by the FDIC,I thought I would rebound quickly,but after the new year I realized this could take awhile and submitted my first claim 2 weeks ago…The direct TV has been shut off and the flat screen has been sold. The house is for sale,but fairly priced…no fire sales here..Luckily,I have no credit card debts. 90% of my food comes from a drive thru value menu…Burger King whopper jrs and Wendys chili and baked potato (I think i’ll ask if they can pour a little bacon fat over the potato next time)…That said,I couldn’t resist adding a couple of stocks to the 401K this afternoon, US Steel and Maxwell technologies.

To another stastic-
I have been unemployed since jan 6, so I know how it foes. Been living without heat and water for a while, so its no news to me. problem is I bought into the obama bs, when I helped elect him. BIG mistake! Wish there were jobs to be had though, so here is to the lone star state unemployment check.

To another stastic-
I have been unemployed since jan 6, so I know how it foes. Been living without heat and water for a while, so its no news to me. problem is I bought into the obama bs, when I helped elect him. BIG mistake! Wish there were jobs to be had though, so here is to the lone star state unemployment check.

Dow 9200 is where we will fall. NEVER doubt the BullBear-alope. My trend indicator is foolproof. My black box rules the trading universe. I predict all market changes BEFORE they happen. I am allowing all neophytes this 1 unique opportunity to do the right thing.

Today felt like Fortune Cookie Thursday. Whats the next fortune cookie? Are shoes still dropping? I thought with Paulson hawking his book on Oprah this week that the worse[sic] was behind us? Are we going into full on Denninger mode?

“We have to wake the fuck up and understand that life is not what they’re telling us. [The Fly] is feeding us a lie – and that lie has to stop, today… now. There’s no more time for bullshit, no more time and no more tolerance for mind washing. We want the truth, we want freedom – not slavery.”
Tyler Durden